Answer the following questions. Table 6-4 or Table 6-5. (Use appropriate factor(s) from the tables provided. Round the PV factors to 4 decimals.) Required: a. Spencer Co.'s common stock is expected to have a dividend of $8 per share for each of the next 13 years, and it is estimated that the market value per share will be $123 at the end of 13 years. If an investor requires a return on investment of 10%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today? b. Mario bought a bond with a face amount of $1,000, a stated interest rate of 6%, and a maturity date 16 years in the future for $979. The bond pays interest on an annual basis. Three years have gone by and the market interest rate is now 4%. What is the market value of the bond today? c. Alexis purchased a U.S. Series EE savings bond for $300, and ten years later received $778.21 when the bond was redeemed. What average annual return on investment did Alexis earn over the ten years? Complete this question by entering your answers in the tabs below. Required A Required B Required C Spencer Co.'s common stock is expected to have a dividend of $8 per share for each of the next 13 years, and it is estimated that the market value per share will be $123 at the end of 13 years. If an investor requires a return on investment of 10%, what is the maximum price the investor would be willing to pay for a share of Spencer Co. common stock today? (Do not round intermediate calculations. Round your answer to 2 decimal places.) < Prev 7 of 9 Next > Show less